TANAC, Eaton, and Balchem Inc. Dominated the North America Tannin Market in 2021

The North America Tannin Market is expected to grow with a CAGR of 6.3% in the forecast period of 2022 to 2029. The years considered for the study are as mentioned below.

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The North America tannin market is a highly consolidated market, which includes a specific number of key players and local players. The market has witnessed increased strategic developments owing to favorable market scenarios.

The major players dealing in the North America tannin market are introducing a strong range of product portfolio. This helped companies to maximize sales with an enhanced product portfolio.

For instance,

  • In March 2021, EATON announced it had completed the acquisition of Tripp Lite. Tripp Lite is a leading supplier of power quality products and connectivity solutions, including single-phase uninterruptible power supply systems, rack power distribution units, surge protectors. This acquisition helped expand Eaton's power quality business in the Americas

TANAC is dominating in the North America tannin market. Some of the major players operating in the market are UCL Company (Pty) Ltd, LAFFORT, W. ULRICH GmbH, Tannin Corporation, Eaton, Ajinomoto OmniChem, Esseco Srl, Balchem Inc., Chemtan Company, Inc., Perdomini-IOC S.p.A., MARTIN VIALATTE, AGROVIN, among others.

TANAC

TANAC is headquartered in Montenegro, Brazil, and was founded in 1948. It has private ownership. The company focuses on producing raw materials from renewable sources for tannic products. The company provides various product categories such as leather treatment, water treatment, animal nutrition, bio based polymers, wood chips, wood pellets, out of which leather treatment is the market-focused product category.

The company has a presence across Europe, South America, North America, Asia-Pacific.

Eaton

Eaton is headquartered in Dublin, Ireland, and was founded in 1911. It has private ownership. The company focuses on providing energy-efficient solutions that help its customers effectively manage electrical, hydraulic, and mechanical power more efficiently, safely, and sustainably. The company offers a wide range of product categories such as aerospace, filtration, hydraulics, vehicle, electrical, amongst which filtration is the market-focused category.

For instance,

  • In January 2019, EATON announced an agreement to acquire an 82.275 percent controlling interest in Ulusoy Elektrik Imalat Taahhut ve Ticaret A.S. This acquisition helped the company to increase its revenue overtime

The company has a wide presence across North America, Europe, South America, Asia-Pacific, Middle East and Africa.

Balchem Inc.

Balchem Inc. is headquartered in New York, U.S., and was founded in 1967. It has public ownership. The company focuses on developing innovative solutions for its customers' health and nutritional needs. The company offers several business segments such as human nutrition & health, animal nutrition & health, specialty products, out of which animal nutrition & health is the market-focused segment. The company offers various product categories, which are chelated minerals, choline, gut health, pet food ingredients, rumen-protected nutritions, amongst which gut health is the market-focused category.

For instance,

  • In May 2019, Balchem Inc. announced that it had signed an agreement to acquire Chemogas NV. The agreement helped further enhance the leather production and increased the company's revenue

The company has a wide global presence across North America, Asia-Pacific, Europe, Middle East and Africa.